Avoid Forfeiting FSA Funds – But Act Fast
Do you have a tax-saving flexible spending account (FSA) with your employer to help pay for health care expenses? For 2021, FSA participants could contribute up to $2,750 of pre-tax …
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Fraudulent Charges on Your Credit Cards?
It’s an awful feeling to learn that someone has used your credit or debit card to make fraudulent charges. Whether you’re liable for charges typically depends on the type of …
Business Expenses: Restaurant Meals are 100% Deductible
Business owners, 2022 is well underway. So, don’t forget that a provision tucked inside the Consolidated Appropriations Act suspended the 50% deduction limit for certain business meals for calendar years …
How can I pay my parent’s nursing home costs?
Given the steep cost of nursing homes, planning for long-term care is critical. This holds true not only for you but also possibly for aging parents if they’re still in …
Could Your Company Use a Heavy SUV?
Many businesses need to invest in heavy sport utility vehicles (SUVs) to transport equipment and provide timely services. Fortunately, they may be able to claim valuable tax deductions for the …